Budget 2025: What tax rises and spending cuts could Rachel Reeves announce?

Rachel Reeves, the Chancellor, has acknowledged that she inadvertently broke housing regulations by renting out her south London home without the necessary £945 license from the local council. This admission came after the issue was highlighted by the Daily Mail, and she has since informed Prime Minister Keir Starmer and parliamentary ethics officers. This situation raises concerns about accountability and adherence to housing laws, especially for public officials.

Chancellor Rachel Reeves has admitted to breaking housing regulations by renting out her family home without the necessary license. This admission comes as she refers herself to the Prime Minister's ethics adviser, highlighting the importance of accountability in government. Such actions raise concerns about adherence to rules meant to protect tenants and ensure fair housing practices.

The UK government has announced a new agreement aimed at fast-tracking the deportation of Vietnamese individuals arriving by irregular means. This decision follows a notable increase in clandestine entries from Vietnam, often through small boats and hidden in lorries. The agreement, signed by Starmer with a visiting Vietnamese leader, seeks to streamline the process of returning those without legal rights to remain in the UK. This move raises concerns about the treatment of vulnerable migrants and the implications for UK-Vietnam relations.

The pound has fallen to its lowest level against the euro in over two and a half years, and it has also weakened against the dollar. This decline is attributed to the looming threat of higher taxes in the upcoming budget and concerns about slowing economic growth. As traders react to these developments, the prospect of a cut in interest rates to 3.75% has been brought forward, indicating a challenging economic landscape ahead. This situation matters because it reflects broader economic uncertainties that could impact consumers and businesses alike.

Hadush Kebatu, a convicted child sex offender who was mistakenly released from prison in the UK, has been deported back to Ethiopia after receiving £500 in public funds. This situation raises serious concerns about the handling of offenders and the potential risks they pose to society. The case highlights the complexities of immigration and criminal justice, especially regarding individuals who arrive in the UK through irregular means.

The UK government has announced a £2.5 million support package for Jamaica following the recent hurricane, which has affected many residents and visitors. This assistance is crucial as it aims to help the island recover and rebuild, showcasing the UK's commitment to its Caribbean partners. With around 8,000 Britons currently in Jamaica, the Foreign, Commonwealth & Development Office (FCDO) is urging them to register their presence, ensuring their safety and support during this challenging time.

Health Canada has made a significant move by approving lecanemab, the first drug aimed at slowing the progression of Alzheimer's disease. This approval is crucial as it brings hope to many patients and families affected by this debilitating condition. With lecanemab already available in countries like the U.S., U.K., Japan, Mexico, and China, its introduction in Canada marks an important step in the global fight against Alzheimer's, potentially improving the quality of life for countless individuals.

A new agreement between the UK and Vietnam will facilitate the return of Vietnamese migrants who do not have the right to remain in the UK. This deal is significant as it addresses immigration issues and aims to streamline the process of returning individuals to their home country, reflecting ongoing discussions about migration policies.

In a surprising turn of events, the centrist liberals, led by Rob Jetten's D66 party, are poised for a significant victory in the Dutch election, according to exit polls. This marks a remarkable comeback for Jetten's party, which had struggled just two years ago, finishing in fifth place. The potential win is not just a triumph for D66 but also signals a shift in the political landscape of the Netherlands, highlighting changing voter sentiments and the importance of centrist policies in today's climate.

Hurricane Melissa has caused significant devastation, with four confirmed deaths in Jamaica and dozens more in Haiti. As the storm continues to impact the region, a hurricane warning is now in effect for areas including Bermuda. This situation is critical as communities brace for a dangerous storm surge, highlighting the urgent need for preparedness and support in the affected areas.

The sale of the Telegraph Media Group is facing significant challenges after its own newspaper linked the lead bidder, RedBird Capital, to a suspected Chinese spy ring leader. This revelation raises serious concerns about the implications of foreign influence on media ownership in the UK, potentially undermining public trust in the news. As the situation unfolds, it highlights the delicate balance between investment and national security, making it a critical issue for both the media landscape and political discourse.

The Carabao Cup quarter-final draw has set up exciting matchups, including Arsenal facing Crystal Palace and Manchester City taking on Brentford. Chelsea managed a thrilling 4-3 victory over Wolves, while Arsenal secured their spot by overcoming Brighton. Tottenham, however, faced disappointment with a 2-0 loss to Newcastle. These matches are significant as they highlight the competitive nature of the tournament and the potential for upsets, keeping fans engaged as teams vie for a place in the semi-finals.

Brazil's President Lula expressed his horror over the staggering death toll of at least 132 people resulting from a large-scale police operation targeting drug gangs in Rio de Janeiro. This tragic event highlights the ongoing violence and challenges faced in combating organized crime in Brazil, raising concerns about the effectiveness and human cost of such aggressive law enforcement tactics.

Hurricane Melissa has prompted a swift response from the Canadian government, with Randeep Sarai announcing that no Canadians have been reported dead and that Canada is prepared to offer aid. This proactive approach highlights Canada's commitment to supporting its citizens and international communities during crises, ensuring that help is available when needed.